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REGISTERED NUMBER: SC736413 (Scotland)


Unaudited Financial Statements

for the Period 24 June 2022 to 30 June 2023

for

First Trading Scotland Ltd

First Trading Scotland Ltd (Registered number: SC736413)






Contents of the Financial Statements
for the Period 24 June 2022 to 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


First Trading Scotland Ltd

Company Information
for the Period 24 June 2022 to 30 June 2023







DIRECTOR: Mr Sonu Singh Sedana





REGISTERED OFFICE: 50 Wallace Street
Glasgow
Lanarkshire
G5 8DU





REGISTERED NUMBER: SC736413 (Scotland)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

First Trading Scotland Ltd (Registered number: SC736413)

Statement of Financial Position
30 June 2023

Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 17,815

CURRENT ASSETS
Inventories 56,185
Debtors 5 9,208
Cash at bank and in hand 17,762
83,155
CREDITORS
Amounts falling due within one year 6 71,385
NET CURRENT ASSETS 11,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,585

CAPITAL AND RESERVES
Called up share capital 7 1
Retained earnings 29,584
SHAREHOLDERS' FUNDS 29,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

First Trading Scotland Ltd (Registered number: SC736413)

Statement of Financial Position - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





Mr Sonu Singh Sedana - Director


First Trading Scotland Ltd (Registered number: SC736413)

Notes to the Financial Statements
for the Period 24 June 2022 to 30 June 2023

1. STATUTORY INFORMATION

First Trading Scotland Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
Additions 19,523
At 30 June 2023 19,523
DEPRECIATION
Charge for period 1,708
At 30 June 2023 1,708
NET BOOK VALUE
At 30 June 2023 17,815

First Trading Scotland Ltd (Registered number: SC736413)

Notes to the Financial Statements - continued
for the Period 24 June 2022 to 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 9,208

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 23,565
Taxation and social security 3,715
Other creditors 44,105
71,385

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.